Many people are skipping the splurge and swapping everything from Lululemon leggings to Natori underwear for cheaper alternatives: “A $12 bra is good enough.”
Consumers are swapping everything from Lululemon leggings to Natori underwear for cheaper alternatives
WSJ’s Sharon Terlep explains the role elasticity plays in a company’s decision on whether to raise prices. Photo illustration: Adele MorganMany shoppers are trading down to less expensive clothing and accessories—swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties—as inflation eats into theircoming holiday season
, historically a time when many people splurge on designer handbags, fine jewelry and other extravagant purchases for themselves or loved ones. Investors will get updates on shopping attitudes this week when Ralph Lauren Corp. , Michael Kors parent Capri Holdings Ltd. and Tapestry Inc., the owner of Coach, report their latest results.
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